Payments Provider Checks Out With New CEO

After a months-long executive search, 2Checkout recently announced Shawn Budde as CEO.

CEO Tom Dailey, who continues to serve on the Board of Directors and is an active investor in 2Checkout, headed the search for the new CEO.

“On behalf of our investors and employees, I’m thrilled to have Shawn join 2Checkout and build on the success we’ve had to date,” said Dailey.

Budde (pictured) brings more than 25 years of finance experience to the payments provider, including executive roles at Citibank and Capital One, as well as data analytics experience at Sears Holdings. Budde was also the co-founder and president of ZestFinance, a VC-backed technology company.

At ZestFinance, Budde teamed with Google’s former CIO to reinvent lending methods by using large-scale data analysis and machine learning to lower the cost of credit for the highest risk customers. At 2Checkout, Budde plans to apply similar approaches.

“Online payments has followed the meteoric rise of e-commerce and 2Checkout is one of the global leaders in this space. I look forward to helping lead the company in its next phase of hyper-growth,” said Budde. “Online payment companies like 2Checkout work on thin margins and high transaction volumes. The winners will be those that know how to optimize every dimension of their business from underwriting to transaction processing – ultimately driving the greatest value for the merchant.“